- $1.2 trillion is scheduled to be cut from the defense budget and parts of the non-defense budget. We have a clear idea of what would be cut if this goes through.

Advertisement

- The "fiscal cliff" deal delayed the sequestration cuts, scheduled to begin January 2, to March 1. Republican leaders are convinced that doing this "de-coupled" the cuts from tax increases. "Revenue is over," as Mitch McConnell put it.

But de-coupling the cuts from taxes put Republicans back where they were in December, when they passed a "sequestration replacement" bill that replaced all the defense savings with entitlement cuts. So you're already hearing Republicans talk about ways to delay or alter the cuts, again. I've heard a number of current members make the point made here by the Ghost of Past Republican Failure.

Tom DeLay, the former House majority leader, who was meeting with a few of his former colleagues on Wednesday at the Capitol, says Boehner’s playbook is “sharp,” since defense spending “can always be replaced during the appropriations process, after the cuts are put into place.”

Yes. If the sequestration happens, it's only a mere four weeks until Republicans have to pass a continuing resolution to fund the government. They can move the money around again. That takes another cannonball out of the cannon. Another one is being whisked away right now by Sen. Kelly Ayotte and Rep. Buck McKeon, who are schlepping the Down Payment to Protect National Security Act of 2013. It would replace the first year of defense cuts with austerity hiring freezes.

Spending hawks are furious. "I think it is a disaster," says one Republican member of Congress who's been howling for a deficit plan. "I cannot tell you what a disaster I think it is for Republicans to take a year of cuts and play the same game we've been playing. The cuts are back-loaded, so there's no way of telling that will happen. It erodes every ounce of credibility on our side."

March 3 2015 1:39 PMThe “Most Pleasurable Portrayal of Libertarianism“ Bonus SegmentDavid, Emily, and John discuss what Parks and Recreation got right about government.Emily Bazelon, David Plotz, and John Dickerson